Thread regarding Boeing Co. layoffs

Robbing Peter to pay Paul, Boeing keeps getting deeper and deeper into debt. https://qz.com/boeing-new-stock-sale-cash-billions-machinists-strik

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Post ID: @OP+1uMRE6LY

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Don't forget the union is corrupt too. They act like they supporting workers but they are in this negotiation to look out for their best interest.

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Post ID: @1fqy+1uMRE6LY

Criminals

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Post ID: @xpd+1uMRE6LY

Bloomberg Law, Oct. 1, 2024:

Boeing’s, Ex-CEO Unable to Escape Fraud Claims Related to 737 MAX

Former chief executive officer must face securities fraud claims related
to their comments after two crashes involving 737 MAX airplanes,
a federal court said.

The amended complaint by Boeing shareholders stated a valid securities fraud claim against the aerospace giant and its former
CEO Dennis Meilenburg, Judge Franklin U. Valderrama said Monday
for the US District Court for the Northern District of Illinois said Monday.

They sufficiently argued that the defendants knowingly made false statements about the safety of the 737 MAX, and how “existing procedures” were sufficient for flight crews to address the stabilization problems, ...

Reuters, July 8, 2024:

Boeing to plead guilty to fraud in US probe of fatal 737 MAX cгashes
The charge against Boeing relates to two 737 MAX crashes in
Indonesia and Ethiopia over a five-month period that kіlled 346 people.

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Post ID: @oeu+1uMRE6LY

The defunct plane maker, is facing a costly machinists strike of its own making.
The company is reportedly looking to raise $10 billion in a new stock sale.
A share of stock that isn’t worth the ink used to print it.
Due to the companies upside-down financial debacle caused by decades
of mismanagement

The stock sale isn’t expected to happen for another month, Bloomberg reports.
And it depends on whether Boeing can find and convince enough people who are
that unsophisticated and clueless as to the true state of the Boeing corporation.
A corporation rife with ineptitude and corruption, highlighted by the Max fraud
and most recently the launching of a spacecraft with a pre diagnosed helium leak
that left two astronauts stranded on the ISS to this day.

Then there’s the 777-9 certification that is not going to plan, do to cracks
in the thrust-links as well as the KC-46A Tanker, that’s yet another pit of horrors
created through shoddy workmanship and lackluster engineering.

At this point along the companies path to it ultimate demise,
they may find that setting up a lemonade stand, proves to be a better option
than trying to sell their worthless stock.

@OP+1uJ82gVR

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Post ID: @nvm+1uMRE6LY

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